NAIL vs. BITX
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and BITX (2x Bitcoin Strategy ETF) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Both are passively managed. Over the past year, NAIL returned -22.27% vs -73.99% for BITX. At a 0.21 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 2.38%/yr for BITX.
Performance
NAIL vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -23.54% return, which is significantly higher than BITX's -55.64% return.
NAIL
- 1D
- -0.92%
- 1M
- -3.69%
- YTD
- -23.54%
- 6M
- -33.60%
- 1Y
- -22.27%
- 3Y*
- -13.87%
- 5Y*
- -13.16%
- 10Y*
- 3.80%
BITX
- 1D
- 9.87%
- 1M
- -39.25%
- YTD
- -55.64%
- 6M
- -59.53%
- 1Y
- -73.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NAIL vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -23.54% | -40.43% | -22.83% | 60.60% |
BITX 2x Bitcoin Strategy ETF | -55.64% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between NAIL and BITX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.21 |
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Return for Risk
NAIL vs. BITX — Risk / Return Rank
NAIL
BITX
NAIL vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and 2x Bitcoin Strategy ETF (BITX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NAIL | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.84 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.90 | +0.57 |
| Martin ratioReturn relative to average drawdown | -0.58 | -1.46 | +0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAIL | BITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.85 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.02 | -0.02 |
Drawdowns
NAIL vs. BITX - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than BITX's maximum drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for NAIL and BITX.
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Drawdown Indicators
| NAIL | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -82.16% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -82.16% | +14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | — | — |
Current DrawdownCurrent decline from peak | -78.15% | -80.39% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -43.83% | -31.90% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.74% | 50.80% | -12.06% |
Volatility
NAIL vs. BITX - Volatility Comparison
The current volatility for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is 21.13%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 23.70%. This indicates that NAIL experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.13% | 23.70% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 60.31% | 69.45% | -9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.48% | 87.88% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.98% | 98.49% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.20% | 98.49% | -9.29% |
NAIL vs. BITX - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is lower than BITX's 2.38% expense ratio.
Dividends
NAIL vs. BITX - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 1.04%, less than BITX's 35.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.74% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 1.04% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
NAIL and BITX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (23.70%) compared to NAIL (21.13%). In terms of maximum drawdown, NAIL dropped -93.75% vs BITX's -82.16%.
On 1-year performance, NAIL leads with -22.27% vs -73.99% for BITX. On fees, NAIL is cheaper at 0.99% per year. On volatility, NAIL has been the lower-risk option at 21.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NAIL has performed better with a -22.27% return vs -73.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NAIL is cheaper with a 0.99% expense ratio, compared with 2.38% for BITX.
BITX has the higher dividend yield at 35.74%, compared with 1.04% for NAIL.
NAIL is categorized as Leveraged Equities, while BITX is Cryptocurrency. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while BITX tracks S&P CME Bitcoin Futures Daily Roll Index (200%). They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 0.99% for NAIL and 2.38% for BITX.
NAIL currently has the higher Sharpe Ratio (-0.26 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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